Risk appetites have improved, says Buba president Weber, but he does not fear risk being under-priced anytime soon. He repeats that the ECB needs a clear exit strategy. Several more months of negative inflation are expected ahead, the Buba-meister says.Nonetheless, he sees inflation prospects over the long-term rather than deflation prospects.

EUR/USD is holding above support at 1.3555/65, trading now at 1.3295.